AST Spacemobile Strikes Deal With Verizon and AT&T to Rival SpaceX

AST SpaceMobile Inc. shares gained by the most ever after Verizon Communications Inc. said it will invest $100 million in a partnership with the satellite communications company intended to challenge Elon Musk’s SpaceX. AST struck a similar deal with AT&T two weeks ago. AST says it will be able to provide 100% coverage of the continental US from smartphones to its future planned satellite system. CEO Abel Avellan is on “Bloomberg Technology.”
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